Firm reports strong growth despite challenging year
A firm has recently posted growth of 6% over the last financial year, taking its turnover to over £235 million.
Whilst the growth of Irwin Mitchell has clearly been positive, its profits have fallen for the second consecutive year, down to £12.3 million from last year’s £12.4 million.
These figures are the second report on the firm’s performance since the firm stated that it would be implementing a sector-driven strategy, with its refined focus including education, consumer services and technology.
Commenting on the firm’s results was Andrew Tucker. The Irwin Mitchell group chief executive stated that during a climate of economic and political uncertainty, the firm’s performance should be praised.
“We made significant progress in a number of areas last year and I am excited about our prospects for the future.
“The group has responded positively to challenging external conditions and I’m pleased to say that this hard work is reflected in these financial results.
It is also important to view the growth in context; Irwin Mitchell have had a challenging year with a high number of resignations and the departure of several partners.
Focussing on plans for the future, Tucker highlighted the business’ vision in striving for growth across all key performance indicators.
“We are focused on continuing to build a strong and diversified group driven by client need, with highly engaged colleagues.
“As a business, we have a clear vision to support future growth in both revenue and profit and build capability further.”